Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Page of 4794
Press 'Enter' after typing page number.
101 to 120 of 95875 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Maintenance receipts collected under separate service agreements are distinguishable from rent where the letting and service arrangements are independently documented and the charges are separately identifiable. Such receipts may retain the character of business income, particularly where the services could be supplied by a third party, rather than forming part of income from house property. Interest on fresh borrowings used to replace earlier loans for the same let-out property may qualify for deduction under section 24(b), provided the borrowings relate to the property and the interest claim does not exceed the permitted basis. TDS credit requires factual verification that the corresponding income was offered to tax.
Maintenance receipts collected under separate service agreements are distinguishable from rent where the letting and service arrangements are independently documented and the charges are separately identifiable. Such receipts may retain the character of business income, particularly where the services could be supplied by a third party, rather than forming part of income from house property. Interest on fresh borrowings used to replace earlier loans for the same let-out property may qualify for deduction under section 24(b), provided the borrowings relate to the property and the interest claim does not exceed the permitted basis. TDS credit requires factual verification that the corresponding income was offered to tax.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
